The former Goll Mansion on Milwaukee's east side, where New Land Enterprises planned to develop a condo tower, has been deeded to Associated Bank after New Land apparently was unable to repay a bank loan.

That's according to documents filed with the Milwaukee County Register of Deeds.

New Land transferred ownership of the building, at 1550 N. Prospect Ave., to Associated Bank. The documents claim an exemption from paying a transfer fee on the transaction, which usually is based on a scale of $3 for each $1,000 in transaction value.

The documents cite an exemption allowed under state law for properties that have ownership transferred in lieu of foreclosure.

An Associated Bank spokeswoman declined to comment, and New Land partner Boris Gokhman didn't return a phone call seeking comment.

The 9,000-square-foot building is used for offices, and its tenants were told to send their November rent to Wangard Partners Inc., which is now managing the property. Wangard also is seeking a buyer for the property, which has an assessed value of $823,000 and has a listed sale price of $2.18 million.

New Land bought the Goll Mansion, including its 28,000-square-foot lot, in 2005 for $1,925,000, according to assessment records. Associated provided a loan of that same amount to New Land when the property was purchased, according to Register of Deeds documents.

The Common Council in 2008 approved New Land's plans to build a 26-story condominium tower that would be connected to a restored Goll Mansion.

The 35-unit high-rise, dubbed Transera, would have been built directly behind the mansion. New Land planned to restore the mansion, which would provide the street-level lobby entrance to the tower, along with two guest suites and a ballroom for condo residents on the mansion's upper floors.

Opponents, including residents of a neighboring condo tower at 1522 N. Prospect Ave., said the high-rise would not be compatible with the mansion, built in 1898.

Neighboring residents also said the high-rise would affect their views of Lake Michigan, saying the Goll house's historic status led them to believe a high-rise wouldn't be developed on the site.

New Land, which is facing a foreclosure suit from AnchorBank on some of its other properties, didn't develop Transera. But the zoning permission to build a condo high-rise on the Goll Mansion site is still available for a future owner of the property.